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Match each current trend in the global economy with one of its economic effects.?
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
What results from greater capital mobility?
increased foreign trade
What are two reasons trade increased?
Trade increased due to advancements in technology, which improved transportation and communication, making it easier and faster to exchange goods across long distances. Additionally, the expansion of global markets and the reduction of trade barriers, such as tariffs and quotas, encouraged countries to engage in international trade, fostering economic growth and interdependence.
Which of these is an important factor promoting increased international trade?
The reduction of trade barriers
How did improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
Match each current trend in the global economy with one of its economic effects.?
Improved communication: Easier outsourcing; Trade liberalization: Increased trade; Infrastructure development: Cheaper transportation; Industrialization: Greater productivity.
Why is trade easier and more extensive today?
Improved Transportation ;p
What results from greater capital mobility?
increased foreign trade
What are two reasons trade increased?
Trade increased due to advancements in technology, which improved transportation and communication, making it easier and faster to exchange goods across long distances. Additionally, the expansion of global markets and the reduction of trade barriers, such as tariffs and quotas, encouraged countries to engage in international trade, fostering economic growth and interdependence.
Trade and transportation were greatly benefited by what?
khaleefah jerkins
What were the areas of life that were improved by Sumerian inventions?
Sumerian inventions improved agriculture through the development of the plow and irrigation systems, which increased crop yields. In addition, advancements in writing and mathematics helped create more organized systems of record-keeping and trade. The wheel was also a significant invention that improved transportation and trade networks.
What was one of the main factors that helped the Renaissance spread?
Growing economic prosperity Increased trade Wealth
Which of these is an important factor promoting increased international trade?
The reduction of trade barriers
By 1500 the population of Western Europe had increased dramatically and the economy was considered good?
The population increase in Western Europe by 1500 was due to factors like improved agricultural techniques and trade networks. The economy was considered good due to the growth of cities, trade, and a shift towards a money-based economy, which led to increased prosperity for many.
How did improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
How did the improved transportation lead to economic growth?
Improved transportation technology, in general, led to economic growth because it allowed for the faster transport of goods. This fostered trade and also encouraged new business.
In what ways did trade improve during the time between the Sui and song dynasties?
During the period between the Sui and Song dynasties, trade improved significantly due to advancements in infrastructure, such as the construction of an extensive canal system, which facilitated easier and faster transportation of goods. The introduction of paper money and improved banking practices enhanced financial transactions, making trade more efficient. Additionally, the growth of urban centers and marketplaces fostered increased commerce and the exchange of diverse goods, both domestically and with foreign traders. This vibrant trade network contributed to economic prosperity and cultural exchange across the region.
